Finance: If You Worked In Afghanistan Last Year For Aegis, Foreign Taxes Paid Not Shown On W2’s

This is an important tax deal specifically for Aegis contractors/employees who worked in Afghanistan this last tax year. A big thanks to Luke Fairfield for putting the word out about this, and I will put this note up in the Taxes For Contractors section. Spread this around to any Aegis folks if you read this. Also, if you are an employee with another company and you worked in Afghanistan last year, be sure to check your W-2’s to see if foreign taxes paid are present. If not, definitely call your HR department about the matter. -Matt

TO ALL AEGIS EMPLOYEES WHO WORKED IN AFGHANISTAN IN 2012:
FOREIGN TAXES PAID NOT SHOWN ON W2’S

Fairfield Hughes, CPA’s, prepares and files the taxes for a large number of security contractors working in various combat zones. We understand that Aegis has issued W2’s without including the amount of foreign taxes paid to Afghanistan on behalf of their employees working in the country on the W2 Form. These foreign taxes paid represent a very large tax benefit called the “Foreign Tax Credit”. If an individual sends their W2 to their CPA or tax preparer and that person is not aware of the foreign taxes paid, the employee could potentially miss out on the benefit. We are asking our clients to send their final pay stub from Aegis (which reports the Afghanistan tax paid) along with their Aegis W2 to make sure they receive the tax savings.